VanEck BDC Income ETF (NYSEARCA:BIZD) Stock Price Down 1.4% – What’s Next?

VanEck BDC Income ETF (NYSEARCA:BIZD)’s share price traded down 1.4% during trading on Tuesday . The stock traded as low as $13.13 and last traded at $13.14. Approximately 3,242,094 shares changed hands during mid-day trading, a decline of 6% from the average daily volume of 3,446,173 shares. The stock had previously closed at $13.33.

VanEck BDC Income ETF Price Performance

The company has a 50-day moving average of $12.92 and a two-hundred day moving average of $12.77. The stock has a market capitalization of $1.67 billion, a PE ratio of 11.32 and a beta of 0.65.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its position in shares of VanEck BDC Income ETF by 19.1% in the first quarter. Royal Bank of Canada now owns 466,339 shares of the company’s stock worth $7,816,000 after acquiring an additional 74,858 shares during the last quarter. Goldman Sachs Group Inc. increased its position in VanEck BDC Income ETF by 297.3% during the first quarter. Goldman Sachs Group Inc. now owns 51,427 shares of the company’s stock worth $862,000 after purchasing an additional 38,483 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in VanEck BDC Income ETF during the second quarter worth approximately $25,000. NewEdge Advisors LLC raised its stake in VanEck BDC Income ETF by 104.2% during the second quarter. NewEdge Advisors LLC now owns 380,160 shares of the company’s stock worth $6,189,000 after purchasing an additional 193,958 shares during the period. Finally, Raymond James Financial Inc. boosted its holdings in shares of VanEck BDC Income ETF by 1.8% in the 2nd quarter. Raymond James Financial Inc. now owns 422,682 shares of the company’s stock valued at $6,881,000 after purchasing an additional 7,666 shares during the last quarter.

VanEck BDC Income ETF Company Profile

The VanEck BDC Income ETF (BIZD) is an exchange-traded fund that mostly invests in financials equity. The fund tracks a market cap-weighted index of US BDC companies whose principal business is to invest in, lend capital to, or provide services to privately held companies. BIZD was launched on Feb 12, 2013 and is managed by VanEck.